The
Committee considered the report of the Director of Finance and
Business Improvement on the First Quarter Budget Monitoring
2017/18.
It was
noted that the forecast for the first quarter was for a
£300,000 overspend. However, the
second quarter was showing a more positive picture.
In
response to Members concerns about any more budget cuts at the
depot, the Director of Regeneration and Place advised that the team
were looking at more commercial opportunities to help strengthen
the budget.
In
response to a question from a Member the Head of Finance undertook
to email Members separately on why there was a £31,000
variance for Food and Safety Section.
RESOLVED:
That the revenue position at the end of the first quarter and the
actions being taken or proposed to improve the position where
significant variances have been identified be
noted.